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Bullish Moving Average Cross by Amicus Therapeut (FOLD)

By Nick Russo

Today, shares of Amicus Therapeut (NASDAQ:FOLD) have advanced above their 10-day MA of $11.98 on a volume of 1.4 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Amicus Therapeut share prices have been bracketed by a low of $11.57 and a high of $17.62 and are now at $12.98, 12% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Amicus Therapeut on July 30th, 2018 by issuing a Downtrend alert when the shares were trading at $14.70. Since that call, shares of Amicus Therapeut have fallen 19.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses amicus therapeut

Ticker(s): FOLD